Ritholtz Wealth Management Decreases Stake in FS KKR Capital Corp. (NYSE:FSK)

Ritholtz Wealth Management reduced its holdings in FS KKR Capital Corp. (NYSE:FSK) by 6.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,350 shares of the company’s stock after selling 1,646 shares during the period. Ritholtz Wealth Management’s holdings in FS KKR Capital were worth $468,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Inspire Advisors LLC lifted its stake in shares of FS KKR Capital by 28.6% in the fourth quarter. Inspire Advisors LLC now owns 109,919 shares of the company’s stock worth $2,387,000 after buying an additional 24,443 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in FS KKR Capital during the fourth quarter worth about $348,000. Ascent Capital Management LLC acquired a new stake in FS KKR Capital during the fourth quarter worth about $470,000. Stifel Financial Corp increased its position in FS KKR Capital by 18.2% during the fourth quarter. Stifel Financial Corp now owns 345,606 shares of the company’s stock worth $7,507,000 after purchasing an additional 53,110 shares during the last quarter. Finally, BridgePort Financial Solutions LLC acquired a new stake in FS KKR Capital during the fourth quarter worth about $385,000. 36.26% of the stock is owned by hedge funds and other institutional investors.

FS KKR Capital Price Performance

Shares of FSK opened at $20.56 on Friday. FS KKR Capital Corp. has a 1-year low of $17.42 and a 1-year high of $24.10. The firm has a 50-day simple moving average of $20.43 and a two-hundred day simple moving average of $21.39. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 1.22.

FS KKR Capital (NYSE:FSK) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. FS KKR Capital had a net margin of 31.53% and a return on equity of 11.78%. The business had revenue of $400.00 million during the quarter, compared to analysts’ expectations of $395.22 million. During the same period last year, the business earned $0.62 earnings per share. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, analysts anticipate that FS KKR Capital Corp. will post 2.89 EPS for the current year.

FS KKR Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 2nd. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.64 per share. This represents a $2.56 dividend on an annualized basis and a dividend yield of 12.45%. The ex-dividend date of this dividend is Wednesday, June 18th. FS KKR Capital’s dividend payout ratio is presently 134.74%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada cut their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, May 15th. Wells Fargo & Company cut their price objective on shares of FS KKR Capital from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Monday, April 28th. Oppenheimer cut their price objective on shares of FS KKR Capital from $22.00 to $21.00 and set a “market perform” rating for the company in a research report on Friday, May 9th. B. Riley assumed coverage on shares of FS KKR Capital in a research report on Tuesday, May 13th. They set a “neutral” rating and a $19.00 price objective for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of FS KKR Capital from $22.00 to $19.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.50.

FS KKR Capital Profile

FS KKR Capital Corp. is a business development company specializing in investments in debt securities. It provides customized credit solutions to private middle market U.S. companies. It invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S.